Capital Research Global Investors Grows Holdings in Emerson Electric Co. (NYSE:EMR)

Capital Research Global Investors increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 685,033 shares of the industrial products company’s stock after buying an additional 242 shares during the period. Capital Research Global Investors’ holdings in Emerson Electric were worth $77,696,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EMR. Raymond James & Associates grew its holdings in Emerson Electric by 3.5% during the 4th quarter. Raymond James & Associates now owns 664,496 shares of the industrial products company’s stock worth $64,675,000 after acquiring an additional 22,412 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Emerson Electric by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 39,482 shares of the industrial products company’s stock worth $3,843,000 after acquiring an additional 848 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Emerson Electric during the 4th quarter worth approximately $387,000. Blackston Financial Advisory Group LLC acquired a new position in Emerson Electric during the 4th quarter worth approximately $241,000. Finally, PFG Investments LLC grew its holdings in Emerson Electric by 4.2% during the 4th quarter. PFG Investments LLC now owns 5,316 shares of the industrial products company’s stock worth $517,000 after acquiring an additional 212 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

EMR traded up $2.25 during midday trading on Friday, reaching $116.84. 1,488,603 shares of the company’s stock were exchanged, compared to its average volume of 2,255,435. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a market capitalization of $66.84 billion, a PE ratio of 6.25, a P/E/G ratio of 1.96 and a beta of 1.32. The business’s 50-day moving average price is $111.23 and its 200 day moving average price is $108.09. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.80%. Emerson Electric’s payout ratio is currently 11.24%.

Analyst Ratings Changes

EMR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and boosted their price target for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird lowered their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Wells Fargo & Company upped their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Finally, Loop Capital upped their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $123.44.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.